Illicit Financial Flows and Development Finance: Transfer Mispricing, Tax Evasion, and Corruption: Human Rights and Governance Considerations

Key Points

• The article analyzes the impact of illicit financial flows, particularly transfer mispricing and tax evasion, on development finance in Malawi.
• Reviewed existing literature on illicit financial flows and governance.
• Organized key issues surrounding transfer mispricing and corruption.
• Presented theoretical implications relevant to the African context.
• Identified strong links between tax evasion and reduced development financing.
• Highlighted the role of corruption in undermining governance and human rights.
• Provided practical conclusions for policy implementation to address these issues.

Abstract